The Stock Market and Human Resource Management: Evidence from a Survey of French Establishments
Louvain Economic Review, Vol. 74, Nos. 4-5, 2008
32 Pages Posted: 17 Dec 2008
Date Written: December 17, 2008
Abstract
This article examines the influence of equity ownership structure (stock market listing and identity of shareholders) on human resource management practices. The empirical analysis uses the 2004-2005 Workplace Industrial Relations Survey (REPONSE survey), based on a sample of 2930 establishments with 20 employees or more, representative of the French private sector. Our findings confirm the importance of listing and, to a lesser extent, of the identity of shareholders as determinants of human resource management practices, considering temporary work arrangements (agency work, fixed-term contracts and sub-contracting), pay policy (wage levels and use of variable pay) and training expenditures.
Keywords: corporate governance, ownership of equity capital, human resource management
JEL Classification: G34, J3, M5
Suggested Citation: Suggested Citation
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